Cinemark shares fall after higher first-quarter revenue and smaller losses

9 articles · Updated · MarketWatch · May 1

The stock dropped 6.4% to $27.62 on Friday as the cinema chain posted a $6.4 million loss on $643.1 million revenue, beating FactSet expectations.
Attendance across US and international sites rose to 39 million from 36.6 million, helped by stronger ticket and concession sales, but executives gave no timeline for restoring a 45-day exclusive theatrical window.
That shortened release window, introduced during the pandemic, remains a drag on theatres. AMC shares also fell 4.6%, though Wells Fargo analysts said later releases including Disclosure Day and Supergirl could lift box office sales.

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